🚀 $CVX is showing a potential technical setup!
CVX/USDT is displaying a visible structure on the 1W timeframe.
📈 The Technical Setup:
• The Pattern: Range Consolidation and Base Formation
• Short-term Target: 2.374
• Macro Objective: 2.962
• Market Structure: consolidation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 1.000 - 1.422
• Resistance: 2.374
• Breakout Level: 2.374
• Stop Loss / Invalidation: 1.000
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Consolidating near support after a macro corrective move
• Trend: Long-term range with recent minor recovery attempt
⚠️ Invalidation:
A sustained weekly close below the 1.000 support level would invalidate the current base setup.
CVX is currently forming a range base following a strong correction, waiting for a breakout confirmation above key resistance.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#CVX #crypto #BinanceSquare #tradingview #TechnicalAnalysis
CVX/USDT is displaying a visible structure on the 1W timeframe.
📈 The Technical Setup:
• The Pattern: Range Consolidation and Base Formation
• Short-term Target: 2.374
• Macro Objective: 2.962
• Market Structure: consolidation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 1.000 - 1.422
• Resistance: 2.374
• Breakout Level: 2.374
• Stop Loss / Invalidation: 1.000
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Consolidating near support after a macro corrective move
• Trend: Long-term range with recent minor recovery attempt
⚠️ Invalidation:
A sustained weekly close below the 1.000 support level would invalidate the current base setup.
CVX is currently forming a range base following a strong correction, waiting for a breakout confirmation above key resistance.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#CVX #crypto #BinanceSquare #tradingview #TechnicalAnalysis
